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Discrete Dynamics in Nature and Society
Volume 2014 (2014), Article ID 802429, 8 pages
Linear Control of Fractional-Order Financial Chaotic Systems with Input Saturation
1School of Electronic Engineering, University of Electronic Science and Technology of China, Chengdu 611731, China
2Department of Mathematics and Computational Sciences, Huainan Normal University, Huainan 232038, China
Received 12 March 2014; Accepted 17 July 2014; Published 6 August 2014
Academic Editor: Taishan Yi
Copyright © 2014 Junhai Luo et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
In this paper, control of fractional-order financial chaotic systems with saturated control input is investigated by means of state-feedback control method. The saturation problem is tackled by using Gronwall-Bellman lemma and a memoryless nonlinearity function. Based on Gronwall inequality and Laplace transform technique, two sufficient conditions are achieved for the asymptotical stability of the fractional-order financial chaotic systems with fractional orders 0 < α ≤ 1 and 1 < α < 2, respectively. Finally, simulation studies are carried out to show the effectiveness of the proposed linear control method.
In the past two decades, studies of chaotic systems have received more and more attention in various fields of natural sciences. This is because chaotic systems are rich in dynamics and possess great sensitivity to initial conditions. Up to now, econophysics has been raised to an alternative scientific methodology to comprehend the highly complex dynamics in economic and financial systems. Many economists are working hard to explain the central features of economic data, including erratic macroeconomic fluctuations (business cycles), irregular microeconomic fluctuations, irregular growth, structural changes, and overlapping waves of economic development [1, 2]. Representative effects, that is, treated as random shocks, are political events, weather variables, and other human factors [3–7]. Compared with the opinion discussed above, chaos supports an endogenous explanation of the complexity appeared in economic series.
Since chaos in financial systems was firstly studied in 1985, great impact has been put on the prominent economics recently, because the occurrence of the chaotic phenomenon in the economic system indicates that the macroeconomic operation has in itself the inherent indefiniteness. Studies on the complicated financial systems by using nonlinear method are fruitful [2, 8, 9]. Controlling chaos in fractional-order financial systems is also studied in recent years [10–18]. In , an active sliding mode controller is constructed to synchronize fractional-order financial chaotic systems in master-slave structure. In , a necessary condition is introduced to confirm the existence of 1-scroll, 2-scroll, or multiscroll chaotic attractors in a fractional-order financial system and a sliding mode controller is proposed. Active control method is also used in , and the variable-order fractional derivative is defined in Caputo type. Wang et al. investigate impulsive synchronization and adaptive-impulsive synchronization of a novel financial hyperchaotic system . In above literatures, the stability analysis is carried out based on fractional-order linear system stability theorem and only the situation where fractional order is concerned.
Most of real world technical systems are subjected to input constraints, especially in financial systems. In financial systems, input saturation does exist due to a limited size of weather variables, political events, and other human factors. The existence of input saturation may decrease the control performance or cause oscillations and even lead to instability of the system [19–21]. It is advisable for us to consider the control of financial systems with input saturation. For the integer-order linear and nonlinear systems, input saturation has received much attention from researchers in the past decade. The sector bounded condition associated with input nonlinearities is useful for analysis and synthesis of control systems subject to input saturation. Then the stability of the system can be formulated using Lyapunov stability theory and invariant theory.
Though many research efforts have been put to the fractional-order financial chaotic systems, the financial systems with saturated control input have rarely been investigated in literatures. Here, with the help of Laplace transform, Mittag-Leffler function, and Gronwall inequality, a linear controller will be derived for fractional-order financial chaotic systems in this paper. There are some main contributions that are worth to be emphasized as follows.(1)Two sufficient conditions are derived for the asymptotical stability of fractional-order financial chaotic systems with fractional orders and , respectively.(2)A linear controller is given to control the fractional-order financial chaotic system.(3)A memoryless nonlinearity function is employed to handle the input saturation problem in fractional-order chaotic systems.
2. Preliminaries and System Description
The Laplace transform of Caputo fractional derivative can be given as
The following definition and lemmas will be used.
Definition 1. The Mittag-Leffler function with two parameters can be written as where and , and its Laplace transform can be given as
Lemma 2 (see ). If , is an arbitrary real number, and is a real constant, then where with satisfying .
Lemma 3 (see ). If and where and all the functions involved are continuous on the interval , then we can obtain
Definition 4 (see ). A memoryless nonlinearity is said to satisfy a sector condition if the following inequality holds: for constant matrices and , where is a symmetric positive matrix and contains the origin.
Based on the Definition 4, the following lemma holds.
Lemma 5 (see ). Let where with , and then the following inequalities are equivalent:(1);(2);(3).
Lemma 6. The autonomous dynamic system is asymptotically stable if the following condition holds:
The stability region for is depicted in Figure 1.
2.2. Description of Fractional-Order Financial Chaotic Systems
The fractional-order financial chaotic systems are proposed by . The mathematical model describes a fractional-order financial system including three nonlinear differential equations. The states, , , and , represent the interest rate, the investment demand, and the price index, respectively. The fractional-order model of the system can be described as where denotes the saving amount, is the cost per investment, and is the elasticity of demand of commercial market. is the fractional-order derivative.
3. State-Feedback Controller Design and Stability Analysis
3.1. Fractional Order :
Let us rewrite the controlled system (13) as the following compact form: where , represent the state variables and the control input, respectively. Consider that is the vector-valued saturation function with where represents the symmetric saturation level of the th control input.
Noting that in chaotic systems the states are bounded, the nonlinear function satisfies where is a constant.
Let us define the state-feedback control input as where is the control gain matrix. Then we have where .
Proof. Taking Laplace transform on (19), we can obtain
where represents the Laplace transform of . Let denote the identity matrix; we have
By taking Laplace inverse transform on (21), we get the solution of system (14):
According to Lemma 2, we know there exist some constants , such that
Then (23) can be rewritten as
From Definition 4 and Lemma 5, we know that satisfies
Let ; we can obtain
By using Lemma 3, we have
Since , from (27) we can conclude that and this ends the proof.
3.2. Fractional Order :
Let the initial conditions be , . Then we have the following results.
Proof. Similar to the proof of Theorem 8, taking the Laplace transform and Laplace inverse transform on (14) gives
According to Lemma 2, there exist positive constants , such that
From Definition 4 and Lemma 5, we know that satisfies
Let ; we can obtain
Then we have
Since , from (33) we know that and this ends the proof.
4. Simulation Studies
The system (14) has 3 equilibriums:
The Jacobian matrix of the fractional-order chaotic system (14), at the equilibrium , can be given as
Let . The eigenvalues for the system equilibrium are . And it is a saddle point. For equilibrium points and they are and . It is a saddle-focus point. Since it is an unstable equilibrium, the condition for chaos is satisfied and the system (14) can show chaotic behavior. We can easily get the minimal commensurate order of the system which is .
Case 1 (). Assume the fractional order is . The characteristic equation of the linearized system for the equilibrium is
The characteristic equation of the linearized system for the equilibriums and is and the unstable eigenvalues are .
The control gain matrices are chosen as .
Let then we have . From simulation results (see Figure 2), we know . From , we have
From above discussion, we know and . Then we can easily test that the conditions and are satisfied.
Let . The simulation results can be seen in Figures 3 and 4. From the results, we can see that the states variables converge rapidly. The involved system is asymptotic stable. Figure 4 shows the boundedness and smoothness of the saturated control inputs. It can be concluded that good control performance has been achieved.
Case 2 (). Let the fractional order be . The chaotic behavior is depicted in Figure 5. In the simulation, the control gain matrices are chosen as ,
then we have
From above discussion, we know and . Then we have and .
We investigate the control problem for fractional-order financial chaotic systems subject to input saturation by means of linear control. Two sufficient conditions are given for the stabilization of such systems with fractional orders and , respectively. A state-feedback controller is designed and the asymptotical stability of the involved system is guaranteed. It is shown that state-feedback controller can be designed to control the fractional-order financial chaotic systems. Simulation studies confirm the results of this paper.
Conflict of Interests
The authors do not have a direct financial relation with any commercial identity mentioned in their paper that might lead to a conflict of interests for any of the authors.
This work is supported by the National Natural Science Foundation of China (Grant no. 61001086) and the Fundamental Research Funds for the Central Universities (Grant no. ZYGX2011X004).
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